Both former President Donald Trump and incumbent President Joe Biden are expected to attend the grand opening ceremony of TSMC's Arizona fabrication facility, dubbed Fab 21, in December. The event is considered a significant milestone for the tech industry, as it marks the opening of the company's 21st cutting-edge facility and a major step towards reducing dependence on Asian supply chains.
Meanwhile, TSMC has announced that it will cease production of 7nm and more advanced chips for Chinese manufacturer SMIC, citing concerns that the company's production of 7nm chips for China may be in violation of US sanctions. This move is seen as a strategic shift for TSMC, which has been expanding its presence in the US and investing heavily in its domestic manufacturing capabilities.
The opening of Fab 21 is expected to boost the US tech industry, creating jobs and stimulating economic growth. The facility is on track to begin mass production in 2025, with TSMC aiming to produce world-class chips at a competitive price. The event is expected to be a major boost to the US economy, with many industry leaders and policymakers attending the ceremony to celebrate this significant milestone.